ProShares UltraPro Short S&P 500

When traders expect the broad U.S. stock market to fall, SPXU aims to return negative three times the daily move of the S&P 500. If the index drops 1% on a given day, the fund is designed to rise about 3%, and vice versa. ProShares resets that exposure every session using swaps and futures, which is the crucial detail: the -3x target holds for a single day only. Over longer stretches the daily compounding pulls returns away from simply tripling the index's decline, and in choppy, directionless markets that drift bleeds value. It is a tactical instrument, used for short-term hedging or aggressive bearish bets rather than as a buy-and-hold position, and it carries the steep expense ratio typical of geared funds.

On MyRWA, SPXU trades tokenized across 1 on-chain venue - see the listings below.